Caixabank revises up costs savings from Bankia acquisition
Caixabank had reported a net profit of 115 million euros on standalone basis in the year-ago period.
Caixabank had reported a net profit of 115 million euros on standalone basis in the year-ago period
Caixabank had reported a net profit of 115 million euros on standalone basis in the year-ago period
Bankia branch in Menorca
The merger is inevitably going to mean the loss of some branches.
Sixty branches due to close because of CaixaBank-Bankia integration
There is much duplication of branches in Mallorca.
Caixabank seeks to cut up to 18% of workforce in Spain
Caixabank plans cost-savings measures following the acquisition of rival Bankia to create Spain's biggest domestic bank.
Caixabank
Caixabank.
The bank is in the process of being taken over by larger rival Caixabank
The bank is in the process of being taken over by larger rival Caixabank.
Spain extends deadline to sell stake in Bankia until Dec 2023
Tuesday's move is the third time the Spanish government has extended the self-imposed deadline to sell its Bankia stake.
Big changes ahead in Spain's Banking Sector
CaixaBank now has more than 600,000 million euros worth of assets, 6,000 branches and around 47,000 workers.
Economy
CaixaBank & Bankia to merge
The new bank will have around 6,600 branches and 51,000 employees.
- Spain wants Britons to show they have 113.40 euros, £97, per day for their holidays
- Major security alert at Mallorca airport, surprise landing of flights from Morocco and Namibia
- Big changes on the horizon when Britons travel to Mallorca
- Over two hours for Britons to get through Palma airport queues
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